[120 Pages Report] The global self-healing grid market was valued at USD 1.58 Billion in 2016 and is projected to grow at a CAGR of 9.07%, during the forecast period, to reach USD 2.66 Billion by 2022. Government policies and legislative mandates for transmission & distribution utilities, complexity in distributed energy generation and the need to protect electric utilities from cyber attacks are the major factors driving the self-healing grid market. Modernization of aging grid infrastructure is one of the major opportunities for this market.

The years considered for the study are as follows:

Base Year: 2016

Estimated Year: 2017

Projected Year: 2022

Forecast Period: 20172022

The base year for company profiles is 2016. Whenever information was unavailable for the base year, the previous year has been considered.

Objectives of the Study

To define, describe, segment, and forecast the global self-healing grid market on the basis of component, application, end-user, and region

To provide detailed information regarding the major factors influencing the growth of the self-healing grid market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze the self-healing grid market with respect to individual growth trends and contributions of each segment to the market

To analyze market opportunities for stakeholders and provide details of the competitive landscape for companies in this industry

To track and analyze competitive developments such as contracts and agreements, investments and expansions, new product developments, and mergers & acquisitions in the self-healing grid market

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the global self-healing grid market. The primary sources include industry experts from core and related industries such as such as electric utilities, OEMs, systems providers and verify critical qualitative and quantitative information and certification organizations of companies, and organizations related to all the segments of this industrys value chain.

The points below explain the research methodology.

Study of annual revenues and market developments of major players that provide self-healing grid solutions

Analyses of major end-users and applications of self-healing grid

Assessment of future trends and growth of the self-healing grid market

Assessment of the self-healing grid market with respect to type of application

Study of the new product development related to the self-healing grid market by key players across different regions

Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chains, and annual revenues of companies providing self-healing grid technology across the globe.

After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study on the basis of company type, designation, and region.

The ecosystem of the global self-healing grid market starts with the hardware suppliers, which marks as the first stage in the ecosystem. The second stage is the assimilation of all hardware components and synchronizing the same with the software solution. This is majorly provided by self-healing grid solution providers. These solutions are installed in applications such as distribution and transmission and distribution line. Once the self-healing grid system is installed the service and maintenance activity is provided by solution providers. This maps the whole ecosystem for self-healing grid market.

Target Audience:

The reports target audience includes the following:

Utility authorities (public and private)

Software and hardware solutions providers

Distribution system operators

Transmission system operators

Government agencies

Scope of the Report:

By Application

Distribution lines

Transmission lines

By Component

Hardware

Software & Services

By End-user

Public Utility

Private Utility

By Region

North America

Europe

Asia Pacific

Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the clients specific needs. The following customization options are available for this report:

The global self-healing grid market is estimated to be USD 1.72 Billion in 2017 and is projected to grow at a CAGR of 9.07%, from 2017 to 2022, to reach a market size of USD 2.66 Billion by 2022. The self-healing grid market is driven by factors such as the government policies and legislative mandates for T&D utilities, complexity in distributed energy generation, and the need for protection of electric utilities from cyber attack. The emerging markets in Asia Pacific present a great opportunity for the self-healing grid market due to significant government initiatives to promote grid modernization.

The report segments the self-healing grid market, by component, into hardware and software & services. The hardware segment is estimated to lead the self-healing grid market in 2017. The hardware segment is also projected to grow at the fastest rate during the forecast period due to the increasing deployment of additional sensing as well as communication devices as a part of self-healing grid solutions. In North America, the major demand for hardware is from utilities for converting a smart grid into self-healing grid. This will boost the overall hardware market for self-healing grid.

Based on end-user, public utility segment accounted for the largest market size in 2016. Government grants to public utilities is expected to drive the public utility segment of the self-healing grid market, by end-user.

The self-healing grid market has been analyzed with respect to four major regions, namely, North America, Europe, Asia Pacific, and the rest of the world. The market in North America is expected to lead the global self-healing grid market by 2022. The market size in this region can be attributed to the increasing focus on grid modernization, of which self-healing grid is a part. Countries such as US and Canada are the key markets for self-healing grid in North America. The stringent regulatory framework regarding self-healing grid in the region is expected to drive the self-healing grid market in North America. Self-healing grid market in the Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. The key countries to demand self-healing grid technology in this region are China and India. Investment in the advanced grid infrastructure and fault detection systems will drive self-healing grid market in the Asia Pacific region.

The key players in the self-healing grid market include ABB (Switzerland), Siemens (Germany), GE (US), Eaton (Ireland), and Schneider Electric (France). Contracts & Agreements was the most commonly adopted strategy by the top players in the market from 2014 to 2017. It was followed by new product developments, mergers & acquisitions, and investments and expansions.

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Figure 1 Research DesignFigure 2 Bottom-Up ApproachFigure 3 Top-Down ApproachFigure 4 Data Triangulation MethodologyFigure 5 The Hardware Market is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 6 The Public Utility Segment Dominated the Self-Healing Grid Market in 2016Figure 7 The Distribution Lines Segment Dominated the Self-Healing Grid Market in 2016Figure 8 North America Held the Largest Share of the Self-Healing Grid Market in 2016Figure 9 Requirement for the Protection of Utilities is Driving the Self-Healing Grid Market During the Forecast PeriodFigure 10 The Indian Market is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 11 The US Accounted for the Largest Share of the North American Self-Healing Grid Market in 2016Figure 12 The Hardware Market is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 13 The Distribution Lines Segment is Expected to Dominate the Self-Healing Grid Market During the Forecast PeriodFigure 14 The Public Utility Segment is Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 15 Self-Healing Grid Market: Drivers, Restraints, Opportunities & ChallengesFigure 16 Hardware Segment is Expected to Be Largest Market for Self-Healing Grid, 20172022Figure 17 Distribution Lines is the Largest Market for Self-Healing Grid, 20172022Figure 18 Public Utility Segment is Expected to Dominate the Market During the Forecast PeriodFigure 19 Regional Snapshot: Self-Healing Grid Market, 20172022Figure 20 North America: Market SnapshotFigure 21 Europe: Market SnapshotFigure 22 Key Developments in the Self-Healing Grid Market, 20142017Figure 23 ABB: Company SnapshotFigure 24 Eaton: Company SnapshotFigure 25 Siemens: Company SnapshotFigure 26 GE: Company SnapshotFigure 27 Schneider Electric: Company SnapshotFigure 28 Landis+Gyr: Company SnapshotFigure 29 Cisco: Company SnapshotFigure 30 Infosys: Company SnapshotFigure 31 Oracle: Company Snapshot

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